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After temporarily selling all his cryptocurrencies due to $25,000 worth of losses, Dave Portnoy may re-enter crypto market

Dave Portnoy has been involved in the crypto and Bitcoin markets for several weeks now. After temporarily selling all his cryptocurrencies due to the $ 25,000 loss he suffered, Portnoy just announced that he could rejoin this fledgling market.

Dave Portnoy is likely to re-enter Bitcoin soon

After being reintroduced by Twitter to the crypto market, the founder of Barstool Sports and the popular trader of the day regularly used Twitter Crypto. That was when he was introduced to Winklevoss Twins, the cofounder of crypto exchange Gemini. Portnoy was later visited by the twins who persuaded him to buy Bitcoin and Chainlink (LINK). According to founder Barstool, he bought about $ 200,000 Bitcoin and $ 50,000 Chainlink. The crypto market then rallied around 5% on the day after he made this purchase, with LINK particularly strong. After temporarily selling all his cryptocurrencies due to the $ 25,000 loss he suffered, Portnoy just announced that he could rejoin this fledgling market.

On August 30, Portnoy announced that he will rejoin the crypto market soon after he finds out about the intricacies of the cryptocurrency market.

Portnoy said:

Previously, he left the crypto market because he suffered losses on two of his three cryptocurrencies, Chainlink and Orchid (OXT):

“I currently own zero bitcoins. I will wait and watch. I lost 25k. Just like with the stock market it took my brain time to figure it out. I know this. The Link Marines are weak and the orchid flowers do die in the crypto world. I may or may not be done… You LINK Marines are a bunch of f ** ing frauds – you guys keeping on dumping this, not pumping it. ”

When it comes to cryptocurrencies, Portnoy is expected to focus on Chainlink and other altcoins, not just Bitcoin.

He explained in a recent tweet that he intends to “save” the LINK Marines, whom he noted is in need of savings due to Chainlink’s recent drop in prices.

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